Cary Street Partners Financial LLC Buys New Stake in Rxo Inc $RXO

Cary Street Partners Financial LLC bought a new stake in Rxo Inc (NYSE:RXO) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 46,000 shares of the company’s stock, valued at approximately $707,000.

A number of other large investors have also made changes to their positions in the business. AlphaQuest LLC purchased a new stake in shares of RXO during the 2nd quarter valued at $29,000. Geneos Wealth Management Inc. acquired a new position in RXO during the 1st quarter valued at about $30,000. Jones Financial Companies Lllp raised its stake in RXO by 27.0% in the third quarter. Jones Financial Companies Lllp now owns 3,298 shares of the company’s stock valued at $49,000 after buying an additional 701 shares during the last quarter. CWM LLC boosted its holdings in RXO by 141.6% in the third quarter. CWM LLC now owns 4,231 shares of the company’s stock worth $65,000 after acquiring an additional 2,480 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in RXO by 34.1% in the second quarter. Nisa Investment Advisors LLC now owns 4,576 shares of the company’s stock worth $72,000 after acquiring an additional 1,163 shares in the last quarter. 92.73% of the stock is owned by institutional investors and hedge funds.

RXO Stock Performance

RXO opened at $15.96 on Friday. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.25. Rxo Inc has a 12-month low of $10.43 and a 12-month high of $20.70. The firm has a 50 day moving average of $14.64 and a two-hundred day moving average of $15.12. The firm has a market capitalization of $2.62 billion, a PE ratio of -27.52, a P/E/G ratio of 11.21 and a beta of 1.74.

RXO (NYSE:RXO) last released its quarterly earnings data on Friday, February 6th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.50 billion. RXO had a negative return on equity of 0.44% and a negative net margin of 1.74%.The firm’s revenue was down 11.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.06 EPS. On average, analysts anticipate that Rxo Inc will post 0.31 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on RXO shares. Citigroup upped their price objective on shares of RXO from $15.00 to $18.00 and gave the company a “neutral” rating in a report on Monday, February 9th. UBS Group restated a “neutral” rating on shares of RXO in a research note on Sunday, February 8th. TD Cowen reaffirmed a “hold” rating on shares of RXO in a report on Friday, January 9th. Barclays lowered their price objective on shares of RXO from $17.00 to $15.00 and set an “overweight” rating for the company in a research note on Friday, November 7th. Finally, Wall Street Zen downgraded RXO from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Four equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, RXO presently has an average rating of “Hold” and a consensus price target of $16.33.

RXO Company Profile

RXO Inc (NYSE: RXO) is a leading asset-light provider of digital freight brokerage and managed transportation solutions. The company leverages a proprietary technology platform to connect shippers with a network of third-party carriers, enabling optimized route planning, real-time shipment tracking, and dynamic pricing. RXO’s end-to-end service model spans full truckload, less-than-truckload (LTL), intermodal and cross-border freight movements, designed to improve efficiency and reduce transportation costs for its customers.

Operating primarily across North America, RXO serves a diverse base of shippers in industries ranging from retail and consumer goods to manufacturing and automotive.